Business Financial News

12.04 / 22:29

markets business Government Technology Paxos regulatory Paxos set to withdraw from Canada amid regulatory uncertainty

Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian Market.

12.04 / 21:17

business Adoption Police Calgary Chainalysis and Calgary police launch cryptocurrency investigation center

A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12.

12.04 / 11:17

business Technology Adoption Hackers Research ChatGPT BUG Bug Bounty OpenAI launches bug bounty program to combat system vulnerabilities

Amid privacy and cybersecurity issues and recent bans by different countries, artificial intelligence (AI) company, OpenAI released a program to combat vulnerability concerns.

12.04 / 09:29

business Twitter ChatGPT elon Elon Musk reportedly buys thousands of GPUs for Twitter AI project

Elon Musk - CEO of SpaceX, Tesla and, as of last October, Twitter - recently made headlines when he spearheaded a request to halt AI development due to concerns. Despite the effort, the tech mogul seems to be pushing forward with his own plans for developing AI infrastructure.

12.04 / 09:01

business FTX Bankruptcy Ren Protocol transfers all assets to FTX debtors’ wallet in case of shutdown

Cross-chain bridge platform Ren Protocol has announced that FTX, Alameda Research and other affiliates that acquired the platform in 2022 have authorized and directed the platform to move all its crypto assets to FTX debtors’ wallets.

12.04 / 09:01

business Grayscale Bitcoin Metalpha to raise $100M to offer Grayscale Bitcoin products in Hong Kong

Hong Kong-based cryptocurrency wealth manager Metalpha Technology is working to offer new entry points into Bitcoin (BTC) and Web3 to investors in Asia.

12.04 / 05:53

business regulation Silvergate Hong Kong virtual bank to offer crypto conversions and accounts: Report

ZA Bank, Hong Kong’s biggest virtual bank by assets is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.

12.04 / 05:27

business regulation Cybersecurity Cybercrime Ransomware Cyber Push to ban ransomware payments following Australia's biggest cyber attack

The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.

12.04 / 01:13

business regulation SEC Department Of Justice coinbase Coinbase wins $470K restitution in insider trading case

The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme.

12.04 / 00:41

business regulation Banks Congress Senate community Silicon Valley Circle and BlockFi questioned on banking with SVB by Warren and AOC

Executives at the stablecoin issuer Circle and the bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress investigating the so-called “mutual backscratching arrangements” alleged to have taken place with the now-failed Silicon Valley Bank (SVB).

11.04 / 22:19

business Mining Court Bankruptcy Core Scientific debtors petition bankruptcy court to approve new president

The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president.

11.04 / 21:27

business Adoption defi Uniswap DAO MakerDAO Governance Token Uniswap funds DAO incentive improvement project

Financial modeling platform Gauntlet has been awarded a grant from Uniswap Foundation to improve DAO incentive mechanisms, according to an announcement from Gauntlet.

11.04 / 16:21

business Web3 Blockchain Game Razer gaming incubator zVentures issues call for Web3 submissions

Razer, a U.S.-Singaporean consumer electronics company best known for its gaming hardware and peripherals, has sent out a call for new Web3 partners and game submissions.

11.04 / 15:41

business Bitcoin Miner Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M

On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently possesses a capacity of 6.7 EH/s.

11.04 / 13:31

business regulation SEC Digital Asset Cyber US SEC seeks to expand its Crypto Assets and Cyber Unit

Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the FTX demise and collapse of Silicon Valley Bank (SVB).

11.04 / 12:09

business Adoption ChatGPT Tech giant Alibaba to roll out ChatGPT competitor AI

Chinese e-commerce giant weighs into the global race for artificial intelligence (AI) with its own version of chatbot assistant. Alibaba announced the rollout of the ChatGPT-like product in the “near future.”

11.04 / 11:25

business security ChatGPT services Chinese authorities to enforce security reviews for AI services

Governments around the world are finding themselves face to face with questions on how to handle the swift rise of artificial intelligence (AI).

11.04 / 08:09

business regulation Investments G20 global crypto community AIM global framework Framework G20 countries aim to develop global framework against crypto-related risks

The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments.

11.04 / 07:25

business Art NFT Tokens Artists data Survey Utility Utility and long-term profits top reasons for NFT purchases: CoinGecko study

Utility and long-term profits have been ranked as the top reasons for buying non-fungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab.

11.04 / 06:47

business Adoption Google virtual reality Research Stanford University AI bots mingled at a bar and had a party when researchers gave them a town

A society of 25 artificial intelligence (AI) bots were observed waking up, cooking breakfast, heading to work, going to the bar for lunch with friends and even throwing a party by six researchers who created a town for the bots.

11.04 / 05:25

business Law FTX Lawyers FTX's bankruptcy lawyers and advisors pocket $32.5M in February

February’s round of legal expenses for bankrupt crypto exchange FTX has been published and it remains a scary figure for debtors.

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